1.

Record Nr.

UNINA9910791401703321

Autore

Papaioannou Michael

Titolo

Unwinding Financial Sector Interventions : : Preconditions and Practical Considerations / / Michael Papaioannou, Udaibir Das

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2010

ISBN

1-4623-1583-6

1-4552-9293-1

Descrizione fisica

1 online resource (94 p.)

Altri autori (Persone)

DasUdaibir

Disciplina

330.9/0511

Soggetti

Global Financial Crisis, 2008-2009 - Government policy

Banks and Banking

Financial Risk Management

Macroeconomics

Public Finance

Industries: Financial Services

Finance: General

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Fiscal Policy

Financial Institutions and Services: General

Financial Institutions and Services: Government Policy and Regulation

Financial Crises

Interest Rates: Determination, Term Structure, and Effects

Debt

Debt Management

Sovereign Debt

Banking

Economic & financial crises & disasters

Finance

Public finance & taxation

Financial sector

Fiscal policy

Deposit insurance

Fiscal stimulus

Economic sectors

Financial crises



Central bank policy rate

Financial services

Public debt

Banks and banking

Financial services industry

Crisis management

Interest rates

Debts, Public

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Preface --  Contents --  Abbreviations --  Overview --  Introductory Remarks by John Lipsky --  The Financial Crisis  -- "Where Are We Now, and What Are the Prospects for Unwinding Public Interventions in the Financial Sector? --  Managing Fiscal Risks"Public Finance Aspects of Unwinding --  Financial Sector Interventions"Identifying Preconditions and Practical Considerations for Unwinding Liquidity Support and Guarantees --  Financial Crisis-Related Assets"Practical Considerations for Restoring Private Control --  Concluding Remarks by John Lipsky --  Annex: Agenda, Participants, and Summary of Deliberations.

Sommario/riassunto

As the financial crisis abates, governments are faced with the challenge of balancing the withdrawal of fiscal support with reestablishing sound public finances and sustainable growth. This volume presents papers from an IMF-sponsored conference of senior policymakers, academics, and senior representatives of the private sector on unwinding public interventions initiated during the crisis. There was broad agreement that the main goal of any strategy for unwinding such interventions should be to create price stability, fiscal sustainability, and a new economic landscape that is much safer than currently exists. Different perspectives on the timing and sequence of the exit process are presented and some guiding principles for exit strategies are discussed. Policy objectives, unwinding public support to banks, and dealing with risky assets purchased by central banks are among topics discussed in detail. The volume also presents views on what the new financial landscape will look like.